Neon Italy formed through partnership with leading broker Cambiaso Risso
Neon is pleased to announce the launch of an underwriting operation in Italy with Cambiaso Risso, a leading Italian marine broker who will have a minority shareholding in the venture.
Based out of Genoa, Neon Italy will offer meaningful risk capacity to clients, initially targeting Hull and Cargo business placed locally.
The venture will develop Neon’s marine portfolio, combining its innovative approach to risk solutions with Cambiaso Risso’s global network of relationships and specialist technical expertise developed over its 70-year history.
Neon Italy will be led by Sergio Revello, who has extensive experience in the international marine sector across both broking and underwriting roles, including on behalf of Lloyd’s syndicates. The board of directors includes Neon’s Group Chief Executive, Martin Reith and Mauro Iguera, CEO of Cambiaso Risso.
Intending to start writing business from 1st January 2018, Neon Italy will, subject to approval, be regulated by IVASS and become a Lloyd’s approved coverholder writing on behalf of Neon’s syndicate 2468.
Neon is a vibrant, global insurer operating in the specialist Lloyd’s market, committed to offering innovative risk solutions and proactively creating bespoke coverage for its clients. Neon is highly experienced in underwriting a diverse range of property, specialty, casualty and marine risks on a direct and reinsurance basis, as well as through delegated authorities.
Neon is headquartered in Gracechurch Street, London, UK. The registered company name for the main regulated entity is Neon Underwriting Limited. Neon is a member of Great American Insurance Group. The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (NYSE:AFG) an insurance holding company, based in Cincinnati, Ohio with assets over US$55 billion.
ABOUT CAMBIASO RISSO
Cambiaso Risso, chaired by Marco Risso, has been established since 1946 as a maritime services operator and insurance broker. The broker division combines an in-depth knowledge of the marine industry with a comprehensive understanding of the clients’ needs placing risks. Cambiaso Risso specialise in placing complex marine risks:
Having established itself as a key player in the Italian marine insurance market, Cambiaso Risso’s broker division has now grown its global presence through offices in Genoa, Istanbul, Athens, Monaco, Naples, Singapore, Bergen and London.